Smart Money Is Betting Big In Morgan Stanley Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Morgan Stanley (NYSE:MS) through options trading. Benzinga's options scanner identified 16 unusual trades, with 62% being bearish. The major market movers are focusing on a price range between $90.0 and $110.0 for MS. The stock is currently up 1.14% at $98.3, with RSI indicators suggesting it may be approaching overbought territory. Next earnings are expected in 15 days.
July 01, 2024 | 4:31 pm
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Investors with significant capital have taken a predominantly bearish stance on Morgan Stanley (NYSE:MS) through options trading. Benzinga's options scanner identified 16 unusual trades, with 62% being bearish. The major market movers are focusing on a price range between $90.0 and $110.0 for MS. The stock is currently up 1.14% at $98.3, with RSI indicators suggesting it may be approaching overbought territory. Next earnings are expected in 15 days.
The significant bearish sentiment from large investors, as indicated by the options trades, suggests a potential downward pressure on Morgan Stanley's stock price in the short term. The RSI indicators also hint at the stock being overbought, which could lead to a correction. The upcoming earnings report in 15 days adds to the uncertainty.
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